Category Archives: Cannabis Industry News

Cannabis Industry News

Cresco Labs Announces Profitable Third Quarter 2018 Financial Results with Revenue Growth of 335% Year-over-Year and 51% Quarter-over-Quarter

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CHICAGO–(BUSINESS WIRE)–Cresco Labs, Inc. (CSE:CL) (“Cresco” or “the Company”) one of the largest vertically integrated multistate cannabis operators in the United States, today released its financial results for the third quarter and nine months ended September 30, 2018. All financial information presented in this release is in U.S. dollars, unless otherwise noted. Subsequent to the […]

Harvest Health & Recreation Announces Joint Venture with Aina We Would, LLC, to Create a National Cannabis Real Estate Investment Vehicle with Up to $100 Million in Committed Capital for Approved Projects

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PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (CSE: HARV) (“Harvest”), a vertically integrated public cannabis company with one of the largest footprints in the U.S., announced it entered into an agreement to form Aina We Would, LLC (“AWW”), a new captive real estate investment vehicle that plans to provide funding for cannabis-related real estate asset acquisitions. In […]

NanoSphere Forms Strategic Partnership to Launch Evolve Products in Mexico

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VANCOUVER, British Columbia–(BUSINESS WIRE)–NanoSphere Health Sciences Inc. (CSE:NSHS) (OTC:NSHSF) (“NanoSphere” or “the Company”), the biotechnology leader behind the patented NanoSphere Delivery System™, is pleased to announce the Company has signed a Letter of Intent forming a partnership with Abba Import Export S.A. de C.V., to launch Evolve’s growing product line in Mexico. The partnership was […]

Have A Heart Makes Its Debut In Iowa With Two New Medical Cannabis Dispensaries

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COUNCIL BLUFFS, Iowa & DAVENPORT, Iowa–(BUSINESS WIRE)–This weekend, Have a Heart celebrates the grand openings of its first stores in Iowa. The company will bring its deep expertise in the medical cannabis industry to the Council Bluffs and Davenport communities. “We started as a medical dispensary many years ago, so our team possesses a core […]

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against India Globalization Capital, Inc. and Encourages Investors to Contact the Firm Before January 2

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NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who acquired India Globalization Capital, Inc. (“India Globalization” or the “Company”) (NYSE: IGC, OTC: IGCC) securities between […]

Harvest Health & Recreation, Inc. to hold Conference Call to Discuss Q3 2018 Results and Performance Outlook

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PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (HARV: CSE) will hold its Third Quarter 2018 earnings conference call on: Tuesday, December 11, 20188:30 AM (Eastern Time) Participating on the call to review Harvest Health & Recreation’s Third Quarter 2018 financial and operating results will be Jason Vedadi, Executive Chairman, Steve White, Chief Executive Officer, and Steve […]

Scott+Scott Attorneys at Law LLP Files Securities Class Action Lawsuit Against Aphria Inc.

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NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, today announced that it has filed a securities class action lawsuit (the “Complaint”) against Aphria Inc. (“Aphria” or the “Company”) (NYSE:APHA) and certain of the Company’s officers and directors (collectively, with Aphria, “Defendants”) for violating federal securities laws. If […]

Have a Heart Employees Celebrate Three Months of Union Representation

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SEATTLE–(BUSINESS WIRE)–Three months after Have a Heart and UFCW 21 signed Washington state’s first collective bargaining agreement for an adult-use cannabis retailer, Have a Heart’s employees are celebrating the fact that they are receiving health-care and other benefits as a result of their contract with UFCW. At the time of the signing, UFCW 21 leadership […]

Altria to Make Growth Investment in Cronos Group

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RICHMOND, Va.–(BUSINESS WIRE)–Altria Group, Inc. (Altria) (NYSE:MO) today announced that it has entered into an agreement to acquire newly issued shares in Cronos Group Inc. (Cronos Group) (TSX: CRON and NASDAQ: CRON), a leading global cannabinoid company, headquartered in Toronto, Canada. The transaction represents a 45% equity stake in Cronos Group, at a price of […]

Cresco Labs Assembles Consumer Marketing Dream Team with Appointments of Beverage Branding All-Stars

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CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE: CL), one of the largest vertically integrated multistate cannabis operators in the United States, today announced two new vice president appointments that will accelerate the company’s aspiration to become the leading brand builder within the cannabis industry. Cory Rothschild, former Director of Consumer Engagement for Gatorade, a PepsiCo company, was named […]